Tag: FCMB

‘He Stole N112m,’ FCMB Bank ex-Manager Jailed 121 Years

Ganiyu Amodu

Justice S. N. Odili of the Anambra State High Court sitting in Onitsha, Anambra State, has convicted and sentenced a former manager with First City Monument Bank (FCMB), Onitsha branch, Nwachukwu Placidus, to a cumulative 121 years imprisonment for diverting fixed deposit funds of a customer to the tune of N112,100,000 ( One Hundred and Twelve Million, One Hundred Thousand Naira only) for his personal use. He was arraigned on Tuesday, March 27, 2018 on 16-count charges bordering on forgery, stealing, obtaining by false pretence and uttering, by the Enugu…

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FCMB, Customer In N5bn Legal Battle + Link to Ngeria’s Suspended EFCC Chairman, Magu

Micheal Olatunji

A customer of First Monument Bank Plc (FCMB)  who is the General Overseer, Divine Hand of God Prophetic Ministry, Prophet Emmanuel Omale, has sued the Bank Plc for N5 billion. Omale, who claims to be the spiritual guide of the suspended acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, said FCMB falsely reported to the Nigerian Financial Intelligence Unit that N570m was paid into his church account, thereby, leading to accusations that the money was used in purchasing a house in Dubai for Magu. The suit marked…

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